07/29/2010
Windfrastructure Program Makes the Purchase of Renewable Energy Financially Neutral for Large Power Users
The U.S. Environmental Protection Agency’s (EPA) Green Power Partnership will host an informational webinar on Windfrastructure and community wind projects. The webinar will be held on July 29th from 1:00-2:15 PM Eastern Time. It is free and open to the public. More information about the webinar can be found at the EPA’s website, http://www.epa.gov/greenpower
Windfrastructure incorporates several key elements. It promotes sustainability. It creates a new source of renewable energy. It is traceable, brandable and financially neutral. View how the program’s various elements operate: http://www.nationalwind.com/services/windfrastructure
Windfrastructure is the only program that provides its partners with an economic interest in a new community wind project in exchange for buying electricity from the new project. Thus, participating in Windfrastructure is income statement neutral because the additional cost of buying renewable energy is offset by the economic interest the participant receives in the wind farm. “The receipt of the economic interest in a new wind farm makes Windfrastructure an attractive alternative to purchasing RECs or purchasing green power through a utility,” says Robert Martorano, Managing Director of Deutsche Bank’s Asset Finance & Leasing Group.
“Companies want to become more sustainable,” says Leon Steinberg, CEO of National Wind. “But given the economic climate, many corporations are unwilling to recognize the additional expense for renewable energy. Windfrastructure is a creative solution that will allow companies to achieve and perhaps surpass their greenhouse gas emission reduction goals in a manner that will not affect their profit and loss statement.” Windfrastructure is unique in that it is financially neutral. However, Windfrastructure also meets other important goals. Participating in Windfrastructure creates new community wind farms, and participants can directly trace and brand the source of their energy. Most importantly, participating partners reduce their carbon footprint.
“Investing in a National Wind community wind project was a great opportunity for General Mills,” says Gregg Stedronsky, Vice President of Engineering at General Mills. “We are partnering with local landowners to increase the amount of electricity generated from renewable power.” Different types of large power users may become Windfrastructure Partners at varying levels of participation. “The flexibility of the program is noteworthy,” says Will Cooksey, Energy Programs Manager at National Wind. “We foresee participation from not only corporations, but also universities, governments and hospitals that want to reduce their carbon footprint in a financially neutral manner.”
“National Wind is excited for the opportunity to partner with the EPA through this webinar on community wind projects because Windfrastructure allows even more members of the community to become involved in wind projects and see a return on their investment,” Steinberg said.
About Windfrastructure:
National Wind has created the patent pending Windfrastructure Partner Program to help large power users reduce their carbon footprint. Unique and affordable, the program provides power users with renewable energy and lasting value. Please visit www.windfrastructure.us for more information.
About National Wind:
National Wind is the leader in developing utility-scale community wind energy projects. We form powerful partnerships with local property owners, assuring that the project’s economic benefits are shared with the surrounding community. National Wind and its subsidiary, Wind Energy Developers, LLC, have participated in developing 15 wind energy projects and currently have over 4,000 megawatts in active development. National Wind projects are located in Minnesota, Iowa, North Dakota, South Dakota, Montana, Colorado, Texas and Ohio. The company has an additional 1,500 megawatts of wind energy in advanced feasibility study stages and is continually exploring expansion opportunities in other states. Please visit www.nationalwind.com for more information.
Windfrastructure incorporates several key elements. It promotes sustainability. It creates a new source of renewable energy. It is traceable, brandable and financially neutral. View how the program’s various elements operate: http://www.nationalwind.com/services/windfrastructure
Windfrastructure is the only program that provides its partners with an economic interest in a new community wind project in exchange for buying electricity from the new project. Thus, participating in Windfrastructure is income statement neutral because the additional cost of buying renewable energy is offset by the economic interest the participant receives in the wind farm. “The receipt of the economic interest in a new wind farm makes Windfrastructure an attractive alternative to purchasing RECs or purchasing green power through a utility,” says Robert Martorano, Managing Director of Deutsche Bank’s Asset Finance & Leasing Group.
“Companies want to become more sustainable,” says Leon Steinberg, CEO of National Wind. “But given the economic climate, many corporations are unwilling to recognize the additional expense for renewable energy. Windfrastructure is a creative solution that will allow companies to achieve and perhaps surpass their greenhouse gas emission reduction goals in a manner that will not affect their profit and loss statement.” Windfrastructure is unique in that it is financially neutral. However, Windfrastructure also meets other important goals. Participating in Windfrastructure creates new community wind farms, and participants can directly trace and brand the source of their energy. Most importantly, participating partners reduce their carbon footprint.
“Investing in a National Wind community wind project was a great opportunity for General Mills,” says Gregg Stedronsky, Vice President of Engineering at General Mills. “We are partnering with local landowners to increase the amount of electricity generated from renewable power.” Different types of large power users may become Windfrastructure Partners at varying levels of participation. “The flexibility of the program is noteworthy,” says Will Cooksey, Energy Programs Manager at National Wind. “We foresee participation from not only corporations, but also universities, governments and hospitals that want to reduce their carbon footprint in a financially neutral manner.”
“National Wind is excited for the opportunity to partner with the EPA through this webinar on community wind projects because Windfrastructure allows even more members of the community to become involved in wind projects and see a return on their investment,” Steinberg said.
About Windfrastructure:
National Wind has created the patent pending Windfrastructure Partner Program to help large power users reduce their carbon footprint. Unique and affordable, the program provides power users with renewable energy and lasting value. Please visit www.windfrastructure.us for more information.
About National Wind:
National Wind is the leader in developing utility-scale community wind energy projects. We form powerful partnerships with local property owners, assuring that the project’s economic benefits are shared with the surrounding community. National Wind and its subsidiary, Wind Energy Developers, LLC, have participated in developing 15 wind energy projects and currently have over 4,000 megawatts in active development. National Wind projects are located in Minnesota, Iowa, North Dakota, South Dakota, Montana, Colorado, Texas and Ohio. The company has an additional 1,500 megawatts of wind energy in advanced feasibility study stages and is continually exploring expansion opportunities in other states. Please visit www.nationalwind.com for more information.
- Source:
- National Wind, LLC
- Author:
- Erin Edholm
- Email:
- eedholm@nationalwind.com
- Link:
- www.nationalwind.com/...
